2020-05-22T09:13:02-05:00 2019-06-30 410746749 CLIFTONLARSONALLEN LLP 610 W GERMANTOWN PIKE STE 400 PLYMOUTH MEETING PA 19462 990 2018-07-01 221493168 THE PINGRY CORPORATION PING 9086475555 131 MARTINSVILLE ROAD BASKING RIDGE NJ 07920 OLAF WECKESSER CHIEF FINANCIAL & OPERATING OFFICER 9086475555 2020-05-21 1 CONNIE M LIRA P00481097 2156433900 2020-04-20 67.137.57.251 2020-05-21 13:26:35 ED P 3EEEC8B090C07D7EECF61F1A8A191FC1967D2E7A 54D8D927FE1959EFDE9C130AEE0794B2E6AD1686 2018 2020-09-23 17:36:50Z THE PINGRY SCHOOL OLAF WECKESSER 131 MARTINSVILLE ROAD BASKING RIDGE NJ 07920 75972105 0 X WWW.PINGRY.ORG X 1861 NJ TO FOSTER A COMMITMENT TO INTELLECTUAL EXPLORATION, INDIVIDUAL GROWTH & SOCIAL RESPONSIBILITY 27 27 547 568 91833 0 4667253 7521716 46347532 48067883 8095828 6765379 1286339 1091818 60396952 63446796 6396067 6620001 0 0 29134224 30092000 0 0 2383590 26348275 19654011 61878566 56366012 -1481614 7080784 195674912 195926858 34372061 30323870 161302851 165602988 X THE MISSION OF THE PINGRY SCHOOL IS TO FOSTER IN STUDENTS A LIFELONG COMMITMENT TO INTELLECTUAL EXPLORATION, INDIVIDUAL GROWTH AND SOCIAL RESPONSIBILITY BY INSPIRING AND SUPPORTING THEM TO STRIVE FOR ACADEMIC AND PERSONAL EXCELLENCE WITHIN AN ETHICAL FRAMEWORK THAT PLACES THE HIGHEST VALUE ON HONOR AND RESPECT FOR OTHERS. 0 0 48922469 6620001 48067883 THE PINGRY SCHOOL IS AN EDUCATIONAL INSTITUTION SERVING GRADES K-12 WITH AN ENROLLMENT OF APPROXIMATELY 1130 STUDENTS. THE SCHOOL PROVIDES NEED BASED FINANCIAL AID TO QUALIFYING APPLICANTS AND TUITION REMISSION TO CHILDREN OF FACULTY AND STAFF. 48922469 1 1 0 0 0 0 0 0 0 1 1 1 0 0 0 1 1 0 1 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 1 124 0 547 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 27 27 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 0 0 HI MD MA MI NY OR WV X OLAF WECKESSER 9086475555 131 MARTINSVILLE ROAD BASKING RIDGE NJ 07920 EDWARDS JEFFREY N CHAIR 8.00 X X 0 0 0 SHRANK IAN S VICE CHAIR 8.00 X X 0 0 0 WYMAN PROCTER KATHARINE SECRETARY 4.00 X X 0 0 0 PEACOCK JONATHAN M TREASURER 4.00 X X 0 0 0 LEDERMAN STUART M ASSISTANT SECRETARY 4.00 X X 0 0 0 BAIRD III WILLIAM D TRUSTEE 2.00 X 0 0 0 BARRAL STEPHEN M TRUSTEE 2.00 X 0 0 0 BECKMEN JANICE C TRUSTEE 2.00 X 0 0 0 CHEN XIAOFENG 'DANIEL' TRUSTEE 2.00 X 0 0 0 DAVICH ARLYN TRUSTEE 2.00 X 0 0 0 DELANEY ANNE TRUSTEE 2.00 X 0 0 0 ENG KEVIN D TRUSTEE 2.00 X 0 0 0 GALVAN BETTY TRUSTEE 2.00 X 0 0 0 GRANT DENISE M TRUSTEE 2.00 X 0 0 0 HOLMAN III JOHN W TRUSTEE 2.00 X 0 0 0 ITTYCHERIA DEV C TRUSTEE 2.00 X 0 0 0 LARSON CRAIG A TRUSTEE 2.00 X 0 0 0 LI GWEN TRUSTEE 2.00 X 0 0 0 LINK STEPHANIE TRUSTEE 2.00 X 0 0 0 LIPPER STEVEN M TRUSTEE 2.00 X 0 0 0 MANKIW N GREGORY TRUSTEE 2.00 X 0 0 0 MULLINS JR DONALD C TRUSTEE 2.00 X 0 0 0 O'TOOLE MAGGIE TRUSTEE 2.00 X 0 0 0 OVERDECK LAURA TRUSTEE 2.00 X 0 0 0 SAUNDERS AMY B TRUSTEE 2.00 X 0 0 0 WELDON NORBERT 'WOODY' TRUSTEE 2.00 X 0 0 0 WILF JONANTHAN Z TRUSTEE 2.00 X 0 0 0 CONARD NATHANIEL E HEADMASTER 40.00 X 490710 0 150795 WECKESSER OLAF J CHIEF FINANCIAL & OPERATING OFFICER 40.00 X 282698 0 83282 BUGLIARI MILLER A SPECIAL ASST TO THE HEAD OF SCHOOL 40.00 X 211192 0 26133 DINKSIN DELVIN M ASST HEAD OF SCHOOL-MIDDLE/LOWER 40.00 X 208220 0 19333 CORVINO THEODORE M LOWER SCHOOL DIRECTOR 40.00 X 193746 0 34420 PIETTE LAURIE A MIDDLE SCHOOL DIRECTOR 40.00 X 177770 0 24087 LEAR TIMOTHY P DIRECTOR OF COLLEGE COUNSELING 40.00 X 171312 0 143933 1735648 0 481983 63 0 1 0 SAGE DINING SERVICES 1402 YORK ROAD 100 LUTHERVILLETIMONIUM MD 21093 STUDENT FOOD SERVICE 2030038 FRANKOSKI CONSTRUCTION COMPANY INC 314 DODD ST EAST ORGANGE NJ 07017 CONSTRUCTION SERVICES 697997 NOVA SERVICES GROUP LLC 726 US-202 320 BRIDGEWATER NJ 08807 CLEANING AND JANITORIAL SERVICES 499402 FIELDTURN USA INC 175 N INDUSTRIAL BLVD CALHOUN GA 30701 TURF SERVICE 378000 KENSINGTON BUS COMPANY INC PO BOX 649 LEBANON NE 08833 STUDENT TRANSPORTATION 367304 22 104750 7416966 156955 7521716 TUITION AND FEES 611600 45172929 45172929 AUXILIARY SERVICES 611600 2894954 2894954 48067883 3921593 91833 3829760 771946 201797 570149 570149 570149 14773341 11929555 2843786 2843786 2843786 217927 104750 175799 42128 42128 241678 218158 23520 23520 MISCELLANEOUS 900099 456021 456021 456021 63446796 48067883 91833 7765364 6620001 6620001 958400 958400 22717104 19698162 1683135 1335807 1660240 1400764 162973 96503 3086770 2660136 243369 183265 1669486 1397193 175630 96663 419513 419513 143042 143042 131373 131373 6633 6633 1749690 410506 912619 426565 434544 434544 3219869 3152896 54094 12879 34261 34261 556064 544498 9342 2224 5404006 5291603 90787 21616 575555 563584 9669 2302 INSTRUCTIONAL 3310550 3310550 STUDENT FOOD SERVICE 1664567 1664567 STUDENT ATHLETICS 618750 618750 PROFESSIONAL GROWTH 606527 580733 25794 779067 573982 59374 145711 56366012 48922469 5059953 2383590 9391568 2344342 15634549 13356221 5290789 5970040 38285 667348 152530 159858 217087 238305 129891679 62997293 69276266 66894386 47546154 64592072 39118616 35565917 9009068 6138369 195674912 195926858 5589909 5998396 8304777 7871162 17177375 16112727 3300000 341585 34372061 30323870 X 82198718 88028511 53668372 48616860 25435761 28957617 161302851 165602988 195674912 195926858 X 7080784 -2871545 90898 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 90263484 6509629 3430281 3301488 96901905 93029209 2809259 5304078 10879062 90263484 87771951 1190906 7855847 3789495 93029209 87179801 7079321 -2725678 3761493 87771951 86867773 984645 3245814 3918431 87179801 0.24650 0.29890 0.45460 0 0 2643643 2643643 113554311 54422492 59131819 12604060 8287870 4316190 1089665 286931 802734 66894386 ALTERNATIVE INVESTMENTS 35565917 F 35565917 X 54510529 -2871545 -6529103 -9400648 63911177 131373 -595754 -464381 63446796 50210392 595754 595754 49614638 131373 6620001 6751374 56366012 PART V, LINE 4: THE CORPORATION RECEIVES GIFTS INTENDED TO PRODUCE INCOME IN PERPETUITY FOR THE SCHOOL TO FINANCE FACULTY SUPPORT, FINANCIAL AID, AS WELL AS GENERAL OPERATIONS. THE CORPORATION HAS ADOPTED INVESTMENT AND SPENDING POLICIES FOR ENDOWMENT AND BOARD-DESIGNATED ASSETS THAT ATTEMPT TO 1) PROVIDE A STREAM OF RELATIVELY PREDICTABLE, STABLE AND CONSTANT FUNDING IN SUPPORT OF ANNUAL BUDGETARY NEEDS; AND 2) PRESERVE, IF NOT ENHANCE, THE REAL INFLATION-ADJUSTED PURCHASING POWER OF THE FUND AFTER MANAGMENT EXPENSES AND SPENDING. ENDOWMENT ASSETS INCLUDE THOSE ASSETS OF DONOR-RESTRICTED FUNDS THAT THE CORPORATION MUST HOLD IN PERPETUITY, FOR DONOR-SPECIFIED PERIODS, AS WELL AS BOARD-DESIGNATED FUNDS. UNDER THIS POLICY, AS APPROVED BY THE BOARD OF TRUSTEES, THE ENDOWMENT ASSETS ARE INVESTED IN A MANNER INTENDED TO PRODUCE RESULTS THAT 1) ATTAIN AN AVERAGE ANNUAL NOMINAL TOTAL RETURN (BEFORE INFLATION) THAT IS EQUAL TO OR EXCEEDS ANNUAL SPENDING PLUS FUND MANAGEMENT COSTS OVER ROLLING FIVE-YEAR PERIODS; 2) OUTPERFORM THE FUND'S CUSTOM BENCHMARK; AND 3) BETTER THE MEDIAN RETURN OF A PEER GROUP OF INDEPENDENT SCHOOLS WHILE ASSUMING A MODERATE LEVEL OF INVESTMENT RISK. PART X, LINE 2: THE CORPORATION FOLLOWS THE INCOME TAX STANDARD FOR UNCERTAIN TAX POSITIONS. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE CORPORATION AND HAS CONCLUDED THAT AS OF JUNE 30, 2019 AND 2018, THERE ARE NO UNCERTAIN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE THE RECOGNITION OF A LIABILITY OR DISCLOSURE IN THE FINANCIAL STATEMENTS. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE OF SPLIT INTEREST AGREEMENT 90,898. FINANCIAL AID -6,620,001. PART XI, LINE 4B - OTHER ADJUSTMENTS: RECLASS FACILITY RENTAL DIRECT EXPENSES -201,797. RECLASS SPECIAL EVENT DIRECT EXPENSES -175,799. RECLASS COST OF SALES -218,158. PART XII, LINE 2D - OTHER ADJUSTMENTS: RECLASS FACILITY RENTAL DIRECT EXPENSES 201,797. RECLASS SPECIAL EVENT DIRECT EXPENSES 175,799. RECLASS COST OF SALES 218,158. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 6,620,001. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 THE SCHOOL'S NONDISCRIMINATORY POLICY IS PUBLISHED IN VARIOUS NEWSPAPERS AND PROMOTIONAL MATERIALS. PSPA SPRING SOIREE 319934 104750 215184 117019 3750 53884 319934 104750 215184 117019 3750 53884 174653 40531 1 NEED BASED FINANCIAL AID 165 5163115 0 TUITION REMISSION FOR CHILDREN OF FACULTY/STAFF 59 1456886 0 PART I, LINE 2: ALL ASSISTANCE IS PROVIDED AS A SCHOLARSHIP TO PINGRY, NO FUNDS ARE PROVIDED DIRECTLY TO RECIPIENTS AND THEREFORE PROPER ALLOCATION TO INTENDED PURPOSE IS ENSURED. X 1 1 X X X X X X 0 1 0 0 0 0 0 0 0 CONARD NATHANIEL E HEADMASTER 475000 0 0 0 15710 0 125175 0 25620 0 641505 0 0 0 WECKESSER OLAF J CHIEF FINANCIAL & OPERATING OFFICER 282698 0 0 0 0 0 20901 0 62381 0 365980 0 0 0 BUGLIARI MILLER A SPECIAL ASST TO THE HEAD OF SCHOOL 211192 0 0 0 0 0 17923 0 8210 0 237325 0 0 0 DINKSIN DELVIN M ASST HEAD OF SCHOOL-MIDDLE/LOWER 208220 0 0 0 0 0 18743 0 590 0 227553 0 0 0 CORVINO THEODORE M LOWER SCHOOL DIRECTOR 193746 0 0 0 0 0 19292 0 15128 0 228166 0 0 0 PIETTE LAURIE A MIDDLE SCHOOL DIRECTOR 177770 0 0 0 0 0 16000 0 8087 0 201857 0 0 0 LEAR TIMOTHY P DIRECTOR OF COLLEGE COUNSELING 171312 0 0 0 0 0 13989 0 129944 0 315245 0 0 0 PART I, LINE 4B THE HEAD OF SCHOOL'S DEFERRED COMPENSATION INCLUDES $100,000 FROM A 457(F) NON-QUALIFIED RETIREMENT PLAN. A PUBLIC FINANCE AUTHORITY SERIES 2015 A & B 273866124 2015-02-17 20500000 SEE PART VI 0 0 0 A 4299413 20500000 12892074 7607926 2016 1 0 1 1 A 0 0 0 0 0 0 1 A 0 0 0 1 0 0 0 1 A 1 PART I, LINE A, COLUMN F: DESCRIPTION OF PURPOSE: TO FUND CAMPUS IMPROVEMENTS ($12,892,074) AND TO REFUND 2012 NJEDA BONDS ($7,607,926). PART IV, LINE 2C, COLUMN A: IN THE OPINION OF BOND COUNSEL, ALL GROSS PROCEEDS OF THE BONDS SUBJECT TO THE ARBITRAGE REBATE REQUIREMENT IMPOSED UNDER IRC SECTION 148(F) HAVE BEEN EXPENDED PRIOR TO THE REBATE COMPUTATION DATE, AND THAT NO ARBITRAGE REBATE AMOUNT IS DUE. X 1 105000 FAIR MARKET VALUE X 8 51955 FAIR MARKET VALUE 0 0 1 1 PART I, COLUMN (B): THE FIGURE IN THIS COLUMN REPRESENTS THE NUMBER OF DONORS IN EACH CATEGORY. PART I, LINE 32B: THE SCHOOL USED THEIR INVESTMENT BROKERS TO SELL THEIR CONTRIBUTED MARKETABLE SECURITIES. FORM 990, PART VI, SECTION A, LINE 1 THE EXECUTIVE COMMITTEE HAS THE POWER TO ACT FOR THE BOARD OF TRUSTEES AND CONSISTS OF THE OFFICERS OF THE CORPORATION. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY AN INDEPENDENT ACCOUNTING FIRM AND THEN A DRAFT VERSION OF THE FORM 990 IS PROVIDED TO MANAGEMENT TO POST ON-LINE FOR TRUSTEE ACCESS. AT THAT POINT TRUSTEES ARE NOTIFIED THAT THE RETURN IS AVAILABLE FOR THEIR REVIEW. MEMBERS OF THE BOARD OF TRUSTEES REVIEW THE DRAFT FORM 990 AND DIRECT COMMENTS AND RECOMMENDATIONS TO MANAGEMENT. ONCE ALL COMMENTS AND RECOMMENDATIONS HAVE BEEN ADDRESSED AND CHANGES HAVE BEEN MADE THE FORM 990 IS APPROVED BY THE BOARD OF TRUSTEES AND FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD OF TRUSTEES, HEAD OF SCHOOL AND CHIEF FINANCIAL OFFICER DISCLOSE POTENTIAL CONFLICTS OF INTEREST ON AN ANNUAL BASIS. THE POTENTIAL CONFLICTS ARE REPORTED TO THE HEAD OF THE AUDIT COMMITTEE. THE EXECUTIVE COMMITEE MAKES FINAL DETERMINATION AS TO WHETHER A CONFLICT EXISTS. WHEN A CONFLICT ARISES, THE INDIVIDUAL WILL NOT VOTE ON THE CONTRACT OR TRANSACTION OR EXERT HIS OR HER PERSONAL INFLUENCE WITH RESPECT TO THE MATTER, EITHER AT OR OUTSIDE OF MEETINGS. FORM 990, PART VI, SECTION B, LINE 15A THE HEAD OF SCHOOL COMPENSATION IS DETERMINED ANNUALLY BY THE COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES IN CONSULTATION WITH AN INDEPENDENT COMPENSATION CONSULTANT, BASED ON A REVIEW OF THE HEAD OF SCHOOL'S PERFORMANCE AND COMPARABLE BENCHMARKING INFORMATION FROM NAIS AND INDEX. THE DELIBERATION BY THE COMPENSATION COMMITTEE AND APPROVAL BY THE BOARD IS DOCUMENTED IN EACH COMMITTEE'S MINUTES. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS 90,898.